Genworth Financial (NYSE:GNW) Stock Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• Genworth Financial (GNW) crossed above its 200‑day moving average, trading as high as $8.83 and last at $8.7650 on volume of about 3.68M shares, suggesting a potential technical rebound.
• Analyst views are mixed but the stock carries a consensus "Moderate Buy" with an average $10.50 price target, amid downgrades from Weiss and Wall Street Zen and a reaffirmation from Keefe, Bruyette & Woods.
• Fundamentals show a $3.39B market cap and PE of 16.54, however GNW missed Q4 EPS ($0.02 vs. $0.16 estimate) and has low liquidity ratios (current and quick ratios 0.29), while institutions own about 81.85% of the shares.

Genworth Financial, Inc. (NYSE:GNW - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.62 and traded as high as $8.83. Genworth Financial shares last traded at $8.7650, with a volume of 3,677,806 shares.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on GNW shares. Weiss Ratings lowered shares of Genworth Financial from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, March 5th. Keefe, Bruyette & Woods reaffirmed a "moderate buy" rating and issued a $10.50 price target on shares of Genworth Financial in a report on Thursday, March 26th. Finally, Wall Street Zen lowered shares of Genworth Financial from a "hold" rating to a "sell" rating in a report on Saturday, February 28th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $10.50.

Genworth Financial Stock Up 0.4%

The stock has a market capitalization of $3.39 billion, a PE ratio of 16.54 and a beta of 1.00. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.29 and a quick ratio of 0.29. The business's fifty day moving average price is $8.48 and its two-hundred day moving average price is $8.62.

Genworth Financial (NYSE:GNW - Get Free Report) last announced its quarterly earnings data on Monday, February 23rd. The financial services provider reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($0.14). The company had revenue of $1.04 billion for the quarter. Genworth Financial had a net margin of 3.05% and a return on equity of 1.48%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GNW. Dimensional Fund Advisors LP boosted its holdings in Genworth Financial by 1.0% in the third quarter. Dimensional Fund Advisors LP now owns 26,493,475 shares of the financial services provider's stock valued at $235,793,000 after purchasing an additional 270,062 shares during the last quarter. Nuveen LLC boosted its holdings in Genworth Financial by 2.3% in the fourth quarter. Nuveen LLC now owns 9,781,111 shares of the financial services provider's stock valued at $88,323,000 after purchasing an additional 223,279 shares during the last quarter. American Century Companies Inc. boosted its holdings in Genworth Financial by 7.9% in the third quarter. American Century Companies Inc. now owns 9,567,534 shares of the financial services provider's stock valued at $85,151,000 after purchasing an additional 704,498 shares during the last quarter. Gendell Jeffrey L boosted its holdings in Genworth Financial by 168.0% in the fourth quarter. Gendell Jeffrey L now owns 6,485,888 shares of the financial services provider's stock valued at $58,568,000 after purchasing an additional 4,065,684 shares during the last quarter. Finally, Norges Bank purchased a new stake in Genworth Financial in the fourth quarter valued at $45,912,000. 81.85% of the stock is currently owned by institutional investors and hedge funds.

About Genworth Financial

Genworth Financial NYSE: GNW is a leading financial security company offering a broad range of insurance products. Based in Richmond, Virginia, Genworth provides individuals and families with solutions designed to protect against long-term care expenses, secure life insurance needs and support homeownership through private mortgage insurance. With operations spanning the United States, Canada and Australia, the company serves both retail and institutional clients through a diversified portfolio of risk management services.

The company's Private Mortgage Insurance (PMI) segment offers coverage to lenders and consumers in the US, Canada and Australia, enabling homebuyers to purchase properties with lower down payments.

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